The jackpot for the MEGA Millions draw on Fri Jan 10, 2025, is projected to be $77 Million, with an option for a cash payout of $34.1 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Montana residents, the state will deduct 6.75% from your lottery earnings.
| Montana MEGA Millions Jackpot/Cash Option for Fri Jan 10, 2025 |
|---|
| Draw Date | Fri Jan 10, 2025 | | Projected Jackpot | $77,000,000 | | Cash Value | $34,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,100,000 | | Federal Tax(24%) | $8,184,000 | | Additional Federal Tax | $4,393,330 | | State Tax(6.75%) | $2,301,750 | | Net Lumpsum Payment | $19,220,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,158,927 |
$389,133
$78,228 |
$691,566 |
| 2 |
$1,216,908 |
$410,586
$82,141 |
$724,181 |
| 3 |
$1,277,738 |
$433,093
$86,247 |
$758,398 |
| 4 |
$1,341,648 |
$456,740
$90,561 |
$794,347 |
| 5 |
$1,408,715 |
$481,555
$95,088 |
$832,072 |
| 6 |
$1,479,170 |
$507,623
$99,844 |
$871,703 |
| 7 |
$1,553,090 |
$534,974
$104,834 |
$913,282 |
| 8 |
$1,630,783 |
$563,720
$110,078 |
$956,985 |
| 9 |
$1,712,326 |
$593,891
$115,582 |
$1,002,853 |
| 10 |
$1,797,950 |
$625,572
$121,362 |
$1,051,016 |
| 11 |
$1,887,809 |
$658,820
$127,427 |
$1,101,562 |
| 12 |
$1,982,211 |
$693,748
$133,799 |
$1,154,664 |
| 13 |
$2,081,310 |
$730,415
$140,488 |
$1,210,407 |
| 14 |
$2,185,414 |
$768,934
$147,515 |
$1,268,965 |
| 15 |
$2,294,677 |
$809,361
$154,891 |
$1,330,425 |
| 16 |
$2,409,407 |
$851,811
$162,635 |
$1,394,961 |
| 17 |
$2,529,835 |
$896,369
$170,764 |
$1,462,702 |
| 18 |
$2,656,346 |
$943,178
$179,303 |
$1,533,865 |
| 19 |
$2,789,171 |
$992,324
$188,269 |
$1,608,578 |
| 20 |
$2,928,618 |
$1,043,919
$197,682 |
$1,687,017 |
| 21 |
$3,075,072 |
$1,098,107
$207,567 |
$1,769,398 |
| 22 |
$3,228,841 |
$1,155,002
$217,947 |
$1,855,892 |
| 23 |
$3,390,233 |
$1,214,717
$228,841 |
$1,946,675 |
| 24 |
$3,559,787 |
$1,277,452
$240,286 |
$2,042,049 |
| 25 |
$3,737,734 |
$1,343,292
$252,297 |
$2,142,145 |
| 26 |
$3,924,690 |
$1,412,466
$264,917 |
$2,247,307 |
| 27 |
$4,120,886 |
$1,485,058
$278,160 |
$2,357,668 |
| 28 |
$4,326,938 |
$1,561,297
$292,068 |
$2,473,573 |
| 29 |
$4,543,308 |
$1,641,354
$306,673 |
$2,595,281 |
| 30 |
$4,770,458 |
$1,725,400
$322,006 |
$2,723,052 |
|
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